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Texas brothers held a family hostage at gunpoint in Minnesota for eight hours, stole $8 million in cryptocurrency assets, and could face 20 years in prison.
Icia then escorted a victim to a vacation cabin belonging to the family in northern Minnesota, forcing them to retrieve additional crypto storage devices and complete a transfer. The entire robbery operation lasted more than 8 hours, with more than $8 million in cryptocurrency assets stolen in total. Ultimately, the victim’s son called 911; the brothers fled the scene, but investigators identified the suspects based on items left inside the house and arrested them near Houston.
Both men admitted to threatening the victims with a gun and have agreed to return more than $8 million in stolen proceeds. For each robbery count, the maximum penalty is up to 20 years of federal imprisonment, and the sentencing date has yet to be determined.